NZ sharemarket drama as reporting season resumes

(Image: NZME)

Mon, 19 Feb 2024

Global marketer a2 Milk surged, and leading retirement village operator Ryman Healthcare tumbled on contrasting earnings updates as the company reporting season heated up.The New Zealand sharemarket, down more than half a per cent, had plenty to chew on – improved half-year results from a2 Milk and Contact Energy, a resilient performance from Freightways, sharp earnings downgrades from Ryman and Air NZ, and a possible credit rating cut for Fletcher Building.Among all the drama, the S&P/NZX 50 Index picked itself up after an early-morn...

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